News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bearish
Gold
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • Gold prices remain in a falling wedge pattern that’s been building for more than two months. Get your $XAUUSD technical analysis from @JStanleyFX here: https://t.co/LYSHloh85Z https://t.co/nGqnQKL0KM
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Gold: 0.06% Oil - US Crude: -0.08% Silver: -1.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/AnzuzBr9Yc
  • Germany 30 IG Client Sentiment: Our data shows traders are now at their most net-long Germany 30 since Mar 19 when Germany 30 traded near 8,568.70. A contrarian view of crowd sentiment points to Germany 30 weakness. https://www.dailyfx.com/sentiment https://t.co/tsMt1UlZGO
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.76%, while traders in NZD/USD are at opposite extremes with 73.37%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/D4fyK6ilmD
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.19% Germany 30: -0.20% France 40: -0.25% US 500: -2.42% Wall Street: -2.93% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/2bszQp27Do
  • Commodities Update: NYM WTI Crude 38.38 (-3.69%), ICE Brent Crude 40.29 (-3.54%), NYM NYH Gasoline 111.08 (-2.47%). [delayed
  • Get your Monday market update from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/iUCcev4Dp2
  • US Equity Update: $DJI -3.11% $SPX -2.58% $NDX -2.38% $RUT -2.96% $VIX +18.40% [Delayed]
  • Gold Price Forecast: XAUUSD Coils Ahead of Next Big Break https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/10/26/Gold-Price-Forecast-XAUUSD-XAU-Coils-Ahead-of-Next-Big-Break.html $GLD $Gold $XAUUSD https://t.co/Fq0ubuQI4g
  • https://t.co/lf8u7L4OLg
EUR/USD

EUR/USD

2010-05-21 13:19:00
Thomas Long, Course Instructor
Share:

Not exactly....but it sure seems like it. Sometime next week we may find out if there was indeed some central bank intervention that kicked off this big move but it does seem to have started in the equity markets and moved its way through all financial markets. So perhaps a German ban on short selling in certain situations was the start. Who knows? But the commodity markets also felt the pressure as the get out now and ask questions later sentiment moved its way around the world.
 

However, this 4-hour chart of the EUR/USD shows that the technical picture has not changed.

eurusd 052110

The fundamental picture of the EUR certainly has not changed. What has changed? Sentiment sure doesn't feel the same and being shell shocked by a market will do that almost every time.
 

Patience and discipline may be the two most rewarded traits in the field of speculation. Otherwise, let the other traders show their hand first before jumping into a trade. Assuming that we have witnessed a trend changing event does not pay proper respect to the strength of a trending move or to the power of a short covering rally. Assuming that nothing has changed is also premature and can be costly. The market will show its true intentions soon enough and we just have to be ready to accept reality instead of trying to predict the next move.
 

I think any trading today should be more short term in nature since the daily trend has minimal influence on this style of trading. But the real money will be with the next trending move and traders should watch out for hints on the sentiment of traders as the dust settles next week.
 

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES